topic Re: Next step? in Credit Cards

Next step?

MrSwiss — Fri, 04 Jan 2013 17:42:35 GMT

Thought I would ask this board since most are probably a bit better at this game than I. First Apps since BK 5/2011... Had ZERO Revolving cards, I did get a First Premier (Approved unsecured $300), Discover (Approved unsecured $300), Capitol one(Approved unsecured 1k) $1600 new credit in last few days (3 out of 4 apps Barclays no) so revolving history will be getting better.. Want a rewards card some day and 700+ score to start. House in Three yrs.

Questions:

When should I App again?

When should I look at upping the limits?

How hard is it to get a Amex card and what agency do they pull from?

Swiss

Re: Next step?

Anonymous — Fri, 04 Jan 2013 20:02:52 GMT

Too early to app since BK. You already have the BK friendly cards. AMEX will not give you a card until you BK is off your record in 2021. Don't waste an inquiry

Re: Next step?

Anonymous — Fri, 04 Jan 2013 20:04:29 GMT

Took me 8 years after my BK in 2004 to get the cards in my signature line

Re: Next step?

MrSwiss — Fri, 04 Jan 2013 22:06:41 GMT

I thank you for the reply and good to know.. House is three yrs out so trying rebuild by then to 700+. Sugestions on CLI request?

Swiss

Re: Next step?

Anonymous — Fri, 04 Jan 2013 23:01:36 GMT

Im mildly surprised you even got a Discover. Id try a PC on the CapOne card to the cash rewards card. Other than that, just wait and be patient.

Re: Next step?

bradpitt — Fri, 04 Jan 2013 23:29:14 GMT

I would cancel that First Premier immediately.

Grats on the Discover and Capitol One.

Re: Next step?

MrSwiss — Sat, 05 Jan 2013 00:24:02 GMT

What's wrong with First Premier? Crummy Company and crapy low $ card i know, but had to start somewhere,

Swiss

Re: Next step?

Anonymous — Sat, 05 Jan 2013 00:38:03 GMT

@MrSwiss wrote:
What's wrong with First Premier? Crummy Company and crapy low $ card i know, but had to start somewhere,

Swiss

Usual complaint is the horrible fees. Especially the second year (due to CARD act protections)

Re: Next step?

Anonymous — Sat, 05 Jan 2013 00:43:36 GMT

If it's the same card, it's charging:

Processing Fee $95 (one time)

Annual Fee $75.00 for first year
After that, $45.00 annually.

Monthly fee None for first year (introductory)
After that, $75.00 annually ($6.25 per month).

+ a 36% APR.

When people here (cleverly) use phrases such as "Crap One" they are referring to things like extreme reluctance to give credit limit increases etc. First Premier gets much more negativity from its huge cost. It even says on the site that the initial limit of $300 is reduced to $225 because of the fees.

Re: Next step?

MrSwiss — Sat, 05 Jan 2013 02:49:06 GMT

Yep MO... well I paid fees so I will ride it for a year... Any recommendations next APP move or CLI moves going forward? Thanks for the input..

Swiss